business registration services
Proprietorship
Registration
Sole Proprietorship is arguably one of the most popular business structures in India. Unlike other companies, it adheres to minimal compliances that make the business journey more seamless.
An Overview
Sole Proprietorship is arguably one of the most popular business structures in India. Unlike other companies, it adheres to minimal compliances that make the business journey more seamless. It is a kind of business structure where one person is responsible for handling the entire business affair. Sole Proprietorship doesn’t allow outsiders to intervene in the business proceeding or any other aspects unless the owner wishes them to do so.
Proprietorship Firm Registration
Quick and Easy
- Easy to start
- Less legal compliances & registrations
- Less cost of formation and operation
- Proper Consulting
- Fast Registration
Procedure
- Choose Any Name
To start a business in proprietorship you can choose a name. For Example ABC Enterprises - Get The Important Certificate
Take two certificate which identify you as a proprietor. Depending on your business requirement you need to take some mandatory registrations such as Gumasta, TAN No etc. - Open Bank Account
Some banks even may accept one Certificate of a CA Certificate to open your bank a/c. However it is taken as secondary documents. - Get Other Mandatory Certificates
You need to take some more mandatory Certificates and registrations depending on your business requirement you need to take some mandatory certificates.
Benefits
- Easy to Start
- Less Compliance
- Cost & Tax Effective
- Total Control
- Perfect for your first Venture
N Pro Advantages
- Free Advisory from Expert: Let guided by experts to know what is the best way to register proprietorship
- Best Pricing In Class: Unchallenged best price in the service segment for unmatched Priority work
- Faster Completion of Task: We will get your done on time without fails, Automated work status reminders and follow up wil save you time you spend following with other firms.
- Only Mandatory Compliance to keep it simple: No Unneccessary Clutter, We will only advise you what is mandatory in law and No unneccesary Compliances just for sake of it , it will save you time and money through out your Business journey.
- Complete Confidentiality: N Pro Consulting, Never disclose or use any of your sensitive data for marketing or any other purpose , Your data is safe with us.
Document Required
Pan Card of Proprietor
Copy of Aadhaar Card/Voter identity card
Electricity Bill / Water bill (Business Place)
Proprietorship Registration
Frequently Asked Questions
The Proprietor must be an Indian citizen and a Resident of India.
Proprietorship firms do not have a Certificate of Incorporation.
There is no limit on the minimum capital for starting a proprietorship. Therefore, a proprietorship can be started with any amount of minimum capital.
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following:
service tax registration, MSME registration, GST registration, Shop and Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.
When You are starting a business and You don’t want to many compliances. Proprietorship is much better to try out new business as it is easy to start and shut down as well without much expenses and inconvenience.
No. Proprietorship is for single owner business firm.
No. Salary is not allowed in proprietorship.
Practically and legally No, you can do a big business in proprietorship. There is no limitation on it. However, in certain cases big companies, Government Agencies do not prefer to work with proprietorship due to practical and reliability issues.